S/L/A/M Collaborative, the national architectural firm based in Glastonbury, Conn., on March 6 completed its acquisition of five Heery architectural design practices from CBRE. The terms of the purchase were not disclosed.
The practices—focused on healthcare, sports facilities, and justice—are now known as Heery Design, a SLAM Studio. CBRE had owned Heery International, a project management and design engineering firm based in Atlanta, since October 2017 when it acquired the business for $57 million from Balfour Beatty. After the deal with S/L/A/M, CBRE retains full ownership of Heery’s interior design and engineering businesses that are integral to its project management services.
About 70 of Heery’s employees are coming over in this deal, joining 210 S/L/A/M professionals. Heery’s healthcare practice is located in Denver, Iowa City, Iowa, and Philadelphia. Its justice practice is in Orlando, Fla. And its sports design practice is in Atlanta. Heery Design offices associated with these practices are also part of this acquisition, along with the firm’s architectural book of business.
“The professionals joining S/L/A/M in this transaction are returning to a traditional design firm that values creativity, and is passionate about design,” said Richard T. Connell, FAIA, S/L/A/M’s chairman, in a prepared statement. Those professionals include Heery Design’s managing directors Russ Sedmak, Mike Holleman, and Douglas Kleppin, AIA, LEED AP.
S/L/A/M’s design portfolio includes healthcare, education, corporate and sports facilities. The firm provides integrated landscape architecture, structural engineering, interior design and construction services, with offices in Connecticut, New York, Atlanta, Boston, and Los Angeles.
A source knowledgeable about this deal, who spoke on background, said that a third party representing CBRE had approached a handful of firms, including S/L/A/M, at the beginning of 2018 about their interest in acquiring parts of Heery. This source said that CBRE was primarily interested in finding a buyer willing to acquire all five of the practices it wanted to shed.
This source adds that what CBRE is holding onto from its Heery purchase is a “much larger” piece than what it is selling to S/L/A/M.
Related Stories
High-rise Construction | Dec 1, 2014
ThyssenKrupp develops world’s first rope-free elevator system
ThyssenKrupp's latest offering, named MULTI, will allow several cabins in the same shaft to move vertically and horizontally.
| Nov 29, 2014
20 tallest towers that were never completed
Remember the Chicago Spire? What about Russia Tower? These are two of the tallest building projects that were started, but never completed, according to the Council on Tall Buildings and Urban Habitat. The CTBUH Research team offers a roundup of the top 20 stalled skyscrapers across the globe.
| Nov 26, 2014
USITT Selects Bahrain National Theatre for Honor Award
The Bahrain National Theatre will be recognized with an Honor Award by the United States Institute for Theatre Technology (USITT) in 2015.
| Nov 26, 2014
How the 'maker culture' brings the power of design to life
Most people affiliate the maker culture with metal working, welding, ceramics, glass blowing, painting, and soldering. But it also includes coding and online content creation, writes Gensler’s Douglas Wittnebel.
| Nov 26, 2014
U.S. Steel decides to stay in Pittsburgh, plans new HQ near Penguins arena
The giant steelmaker has agreed to move into a new headquarters that is slated to be part of a major redevelopment.
Sponsored | | Nov 26, 2014
It’s time to start trusting your employees more
A recent study published in the journal Psychological Science revealed that employees were 26% more satisfied in their roles when they had positions of power. SPONSORED CONTENT
Sponsored | | Nov 26, 2014
What’s in a coating?
A beautiful coating on metal products can make a strong statement, whether used on a high-end commercial project or an industrial building. SPONSORED CONTENT
Sponsored | | Nov 26, 2014
Virtual reality in 3D models, iPhone thermal imaging: Inside one very cool tech toybox
A little over a year ago, I embarked on a search to find individuals in the AEC space who were putting new hardware to work in the field.
| Nov 25, 2014
Behnisch Architekten unveils design for energy-positive building in Boston
The multi-use building for Artists For Humanity that is slated to be the largest energy positive commercial building in New England.
| Nov 25, 2014
Study: 85% of employees dissatisfied with their office environment
A vast majority of office workers feel open floor plans cause multiple distractions and that more private spaces are needed in today's offices, according to a new study by Steelcase and research firm IPSOS.
